Industry Overview - The Waste Management industry is witnessing positive trends due to government regulations, advanced technology adoption, and increased environmental awareness, with a projected 6.6% CAGR through 2031 [1] - The industry is categorized into segments based on waste type, including industrial, commercial, domestic, and agricultural waste, with industrial waste gaining significance due to ongoing industrial expansion [3] - The Disposal services segment is the primary revenue-generating category, driven by the growing need for waste recycling [3] Environmental and Technological Impact - Waste management is integral to Environmental, Social, and Governance (ESG) goals, with an average ESG disclosure score of 50-60% for the industry, aligning with consumer and investor demands for sustainability [4] - Technology, particularly AI, is crucial for improving waste sorting and management, leading to more effective and eco-friendly practices [5] - Waste-to-Energy (WTE) technologies are expected to grow from $37.3 billion in 2025 to $51.7 billion by 2034, with a CAGR of 3.6%, driven by increased waste generation and a focus on sustainable living [6] Financial Performance and Challenges - The Zacks Waste Removal Services industry has seen a 3.7% decline over the past year, underperforming compared to the S&P 500's 15% rally [10] - The industry is currently trading at an EV-to-EBITDA ratio of 12.84X, lower than the S&P 500's 17.7X, indicating potential valuation opportunities [13] - Rising operating costs due to the complexity of waste management processes are putting pressure on companies' bottom lines [7] Company Highlights - **Casella Waste Systems (CWST)**: The company is focused on solid waste pricing strength and has automated 60% of its trucks, leading to improved operational efficiencies. CWST has a strong balance sheet with $193 million in cash and a current ratio of 1.51 [17][18][19] - **Republic Services, Inc. (RSG)**: RSG is investing in new technologies and AI to enhance service delivery and productivity. The company plans to invest $1 billion in acquisitions in 2026, which could strengthen its competitive position [23][25][26] - **Clean Harbors (CLH)**: CLH's growth is supported by pricing gains and increased productivity, particularly in PFAS solutions, which are expected to generate $100-$120 million in revenues in 2025. The company has a strong liquidity position with a current ratio of 2.44 [29][30][31]

Management also pointed to operational milestones during 2025, including the first-year ramp-up of the new Kimball Incinerator, creation of the Phoenix Hub, handling nearly 22,000 emergency response events, issuing a PFAS incineration study with the EPA, and reducing voluntary turnover by 150 basis points to a five-year low.Financially, Gerstenberg said Clean Harbors posted record levels of revenue, adjusted EBITDA, and adjusted free cash flow in 2025, with adjusted EBITDA margin up 40 basis points year ove ...

For the quarter ended December 2025, Clean Harbors (CLH) reported revenue of $1.5 billion, up 4.8% over the same period last year. EPS came in at $1.62, compared to $1.55 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.48 billion, representing a surprise of +1.38%. The company delivered an EPS surprise of +1.76%, with the consensus EPS estimate being $1.59.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Clean Harbors (NYSE:CLH) Q4 2025 Earnings call February 18, 2026 09:00 AM ET Company ParticipantsAdam Bubes - VP of Equity ResearchEric Dugas - EVP and CFOEric Gerstenberg - Co-CEOLarry Solow - PartnerMichael McDonald - General CounselMike Battles - Co-CEOTobey Sommer - Managing DirectorTyler Brown - Financial AdvisorConference Call ParticipantsBryan Burgmeier - Equity Research AnalystDavid Manthey - Senior Research AnalystJames Schumm - Senior AnalystNoah Kaye - Senior Research AnalystNone - AnalystOperato ...

Clean Harbors (NYSE:CLH) Q4 2025 Earnings call February 18, 2026 09:00 AM ET Company Participants Adam Bubes - VP of Equity Research Eric Dugas - EVP and CFO Eric Gerstenberg - Co-CEO Larry Solow - Partner Michael McDonald - General Counsel Mike Battles - Co-CEO Tobey Sommer - Managing Director Tyler Brown - Financial Advisor Conference Call Participants Bryan Burgmeier - Equity Research Analyst David Manthey - Senior Research Analyst James Schumm - Senior Analyst Noah Kaye - Senior Research Analyst None - ...

Clean Harbors (NYSE:CLH) Q4 2025 Earnings call February 18, 2026 09:00 AM ET Speaker11Greetings, and welcome to the Clean Harbors fourth quarter 2025 financial results conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Michael McDonald, General Counsel for Clean Harbors. Mr. McDonald, you may begin.Speaker8Thank you, ...

Clean Harbors (CLH) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.59 per share. This compares to earnings of $1.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +1.76%. A quarter ago, it was expected that this environmental services company would post earnings of $2.37 per share when it actually produced earnings of $2.21, delivering a surprise of -6.75%.Over the last four qu ...

© 2025 CLEAN HARBORS Forward Looking Statements and GAAP Disclaimer Fourth-Quarter and Full-Year 2025 Investor Review February 18, 2026 These slides contain (and the accompanying oral discussion will contain) forward-looking statements, which are generally identifiable by use of the words "believes," "expects," "intends," "anticipates," "plans to," "seeks," "will," "should," "estimates," "projects," "may," "likely," "potential," "outlook" or similar expressions. Such statements may include, but are not limi ...

"We concluded 2025 with strong fourth-quarter results, including higher profitability in both of our operating segments," said Eric Gerstenberg, Co-Chief Executive Officer. "Our performance was led by our Environmental Services (ES) segment, where segment Adjusted EBITDA margin expanded year over year for the 15th consecutive quarter, reflecting the diversity of our end markets as we have continued to gain volumes against the muted industrial backdrop of the past several years. We believe that our results a ...

Wall Street analysts forecast that Clean Harbors (CLH) will report quarterly earnings of $1.61 per share in its upcoming release, pointing to a year-over-year increase of 3.9%. It is anticipated that revenues will amount to $1.46 billion, exhibiting an increase of 1.7% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Pri ...